Bay Commercial Bank (BCML) Expected to Announce Quarterly Sales of $15.90 Million

Equities analysts forecast that Bay Commercial Bank (NYSE:BCML) will announce sales of $15.90 million for the current fiscal quarter, according to Zacks Investment Research. Two analysts have issued estimates for Bay Commercial Bank’s earnings, with the highest sales estimate coming in at $16.40 million and the lowest estimate coming in at $15.40 million. Bay Commercial Bank reported sales of $13.24 million during the same quarter last year, which indicates a positive year-over-year growth rate of 20.1%. The firm is scheduled to announce its next quarterly earnings report on Monday, February 25th.

According to Zacks, analysts expect that Bay Commercial Bank will report full-year sales of $58.90 million for the current fiscal year, with estimates ranging from $58.20 million to $59.60 million. For the next financial year, analysts expect that the company will post sales of $69.55 million, with estimates ranging from $69.10 million to $70.00 million. Zacks Investment Research’s sales averages are a mean average based on a survey of sell-side analysts that follow Bay Commercial Bank.

Bay Commercial Bank (NYSE:BCML) last posted its quarterly earnings results on Wednesday, October 24th. The company reported $0.31 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.42 by ($0.11). The firm had revenue of $14.65 million for the quarter, compared to the consensus estimate of $14.77 million.

Shares of BCML stock traded down $0.88 during midday trading on Friday, reaching $23.60. 332 shares of the company traded hands, compared to its average volume of 42,568. Bay Commercial Bank has a 1-year low of $19.25 and a 1-year high of $26.94.

About Bay Commercial Bank

BayCom Corp. operates as a bank holding company of Bay Commercial Bank. It offers loans, credit, deposit products and services, business cash management, business and personal services, 1031 Exchange, and escrow services through its bank subsidiary. The company was founded on November 9, 2016 and is headquartered in Walnut Creek, CA.

Further Reading: Retained Earnings

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